Tax havens: An uneven playing field?
Offshore financial centres (OFCs) have come in for a lot of criticism recently. If you read the daily newspapers, you might well believe that every OFC is a hive of banking secrecy, tax evasion and criminal activity. Even Oxfam has joined in. The Guardian recorded Oxfam's claims that developing countries lose out on up to $124bn (£78bn) of annual income from assets held offshore in OFCs.
Gordon Brown has reportedly stepped up calls for tougher rules on tax havens. But are all offshore financial centres the same? And do they deserve all the criticism?
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651